COMEX:GC1!   Gold Futures
308 7 10
A possible double zz correction then up again .
Comment: another possibilty in 1 hour , a flat correction .
in both cases triangle or flat in 1 hour interval , a breakdown of 1124.3 is expected before possioble move up . keep eye on it :
Comment:
Comment: 1 hour
Comment:
Comment: 1 hour analysis , was a double ZZ . a strong move down is expected unless we trase above wave 4 at 1165.42
Comment:
Fully agree, a zigzag is a possibility, But I am quite certain gold will go around 1100
Reply
@saif12, we are watching a sharp move down . still in downtrend . Looking for a possible buy position once this wave is finished .
+1 Reply
saif12 hussain9
@hussain9, Hello Hussain,
Yes and No. Yes it will keep going down, but
I am not sure there will be a sharp move down, I think it will stay slow motion down for quite some time. The final destination is still to come, though when the decline stop, I am expecting a nasty reversal. So I will be watching carefully the reversal point.
Good luck
Reply
@saif12, I am with this counting , its most close to me of the double ZZ correction , watching a suddun reverse up once we break up the down chaneel :
+1 Reply
saif12 hussain9
@hussain9, Just be careful, For me, I am not expecting such sharp reversal anywhere before end of Feb. 2017. But you never know, So trade what you see.

But for me, it is a done deal, I am not longing Gold anytime soon.
Reply
@saif12, Sure brother , nothing certine yet . price action will decide with time . all are prdictions
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@saif12, 1 hour interval . possible triangle or a flat correction . :
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